Mutual Fund is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing. It is one of the most popular methods of investing throughout the world because it diversifies the risk among the investors.
Seychelles Mutual Fund
Seychelles Mutual Fund & Hedge Fund Act offers an excellent and tax effective structure for fund business through offshore investing. Mutual Fund in Seychelles can be constituted as a company, trust or a partnership. The most common structure for investment in mutual fund is International Business Company, or Protected Cell Company.
Significant features of Seychelles Mutual Funds:
Mutual Fund Administration:
As per the Act, Seychelles mutual fund may be administered:
Types of funds
Private Fund is a kind of a Mutual Fund, which is not open for subscription for everybody. The number of investors is restricted and does not require the details to be made public.
Public Fund is a mutual fund other than a Private Fund or a Professional Fund. The Fundis designed to be mass marketed and needs to provide the detailed information to public in the offering document.
Professional Fund is a mutual fund the shares in which are only made available to professional investors or high net worth investors, with the initial minimum investment per investor being USD 100,000. Recognized Banks, Mutual Funds, Insurance Companies, Securities dealers, etc., are considered as professional investors.
The Act also permits foreign investment funds from a recognized jurisdiction to conduct business from Seychelles without needing a Seychelles Fund license. This is provided the fund is already licensed as a mutual fund in a recognized jurisdiction; administered by a Seychelles licensed fund administrator and is either listed on a stock exchange or provides for a minimum investment of not less than USD 100,000.
THE ABACUS ADVANTAGE
Abacus has been the preferred solution provider in Seychelles due to our experience in customising the products in the portfolio according to the individual needs of our clients worldwide. If you are interested in finding out how Abacus solutions can help you make the most of mutual funds, please call us at +248 461 0780, to talk to us. We would be happy to help!